Simetria offers a proprietary platform that enables private companies to facilitate secondary trading of vested employee stock options through a streamlined process using distributed ledger technology. This solution addresses the challenge of illiquidity in private markets by providing employees with the ability to sell their equity, enhancing retention and recruitment efforts.
Funding
$2.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Employees at private companies often lack opportunities to liquidate their vested stock options, leading to decreased motivation and difficulty in attracting top talent. The absence of a liquid secondary market for these assets can hinder employee retention and limit wealth diversification.
Solution
Simetria provides a platform that facilitates secondary trading of vested employee stock options in private companies, leveraging distributed ledger technology to streamline the process. The platform enables private companies to run tender offers, execute block trades, and offer secondary opportunities to individual shareholders. By providing a one-click secondary trading experience, Simetria connects investors and brokers worldwide, allowing shareholders to sell their equity in a compliant and efficient manner. The platform is designed to effectively communicate secondary offerings to a company's staff, assisting them in deciding whether to participate through educational information and online support.
Target Audience
Simetria's primary customers are private companies looking to provide liquidity options for their employees' vested stock options, as well as investors and brokers interested in trading private assets.
Features
- Proprietary platform for managing secondary market transactions of private company stock.
- Distributed ledger technology to ensure secure and transparent trading.
- Streamlined tender offer process for companies to manage liquidity events.
- One-click trading experience for investors and brokers to connect and trade private assets.
- Automated communication and educational resources for employees considering selling their shares.
- Integration with a distribution network connecting to banks and other financial institutions.